Related Companies, the US property developer and manager which recently entered the fund management business, will announce the close of its first distressed asset fund with equity commitments of $825m.

The Related Real Estate Recovery Fund, which exceeded its target of $750m, is among the biggest US commercial real estate vehicles raised in 2011 and the largest investment fund run by a property developer, according to Preqin, the alternative investment research group.....

Ben Carlos Thypin, director of market analysis at Real Capital Analytics, said there was $178bn worth of distressed commercial property in the US. “That pile of existing trouble, combined with all of the properties that are worth less than the amount owed on loans they have coming due in the next few years should provide ample investment opportunities for distressed property funds,” he said.

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.